Banco Bilbao Viscaya Argentaria S.A. Announces Dividend of $0.71 (NYSE:BBVA)

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) declared a dividend on Monday, March 2nd. Shareholders of record on Thursday, April 9th will be given a dividend of 0.7084 per share by the bank on Monday, April 27th. This represents a yield of 678.0%. The ex-dividend date of this dividend is Thursday, April 9th.

Banco Bilbao Viscaya Argentaria has increased its dividend by an average of 0.4%per year over the last three years. Banco Bilbao Viscaya Argentaria has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Banco Bilbao Viscaya Argentaria to earn $1.59 per share next year, which means the company should continue to be able to cover its $0.59 annual dividend with an expected future payout ratio of 37.1%.

Banco Bilbao Viscaya Argentaria Trading Up 4.8%

Shares of NYSE BBVA traded up $1.01 during mid-day trading on Wednesday, reaching $21.89. 1,282,150 shares of the company’s stock were exchanged, compared to its average volume of 2,232,392. Banco Bilbao Viscaya Argentaria has a twelve month low of $11.59 and a twelve month high of $26.20. The firm has a market capitalization of $126.16 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.56 and a beta of 0.80. The business has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $21.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. The business had revenue of $11.49 billion during the quarter, compared to analyst estimates of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. Equities research analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Finally, Royal Bank Of Canada cut Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.